Alexandria Real Estate Equities Inc. (NYSE:ARE) reached a new 52-week high on Wednesday . The company traded as high as $113.28 and last traded at $111.52, with a volume of 299,009 shares changing hands. The stock had previously closed at $112.71.

ARE has been the topic of a number of recent research reports. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. Barclays PLC lifted their price objective on Alexandria Real Estate Equities from $105.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, July 19th. Mizuho boosted their target price on Alexandria Real Estate Equities from $113.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Citigroup Inc. reduced their target price on Alexandria Real Estate Equities from $106.00 to $92.00 and set a “neutral” rating on the stock in a report on Thursday, July 7th. Finally, TheStreet downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Alexandria Real Estate Equities presently has an average rating of “Buy” and an average target price of $108.33.

The company’s market capitalization is $8.67 billion. The firm has a 50-day moving average of $105.73 and a 200-day moving average of $92.85.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $1.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.36. The business had revenue of $226.10 million for the quarter, compared to the consensus estimate of $214.61 million. During the same period in the previous year, the business posted $1.31 EPS. Alexandria Real Estate Equities’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts expect that Alexandria Real Estate Equities Inc. will post $5.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Tuesday, June 28th.

In other Alexandria Real Estate Equities news, Director Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $98.27, for a total value of $491,350.00. Following the completion of the sale, the director now directly owns 123,200 shares of the company’s stock, valued at $12,106,864. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James H. Richardson sold 2,500 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $92.98, for a total transaction of $232,450.00. Following the completion of the sale, the director now directly owns 70,000 shares of the company’s stock, valued at $6,508,600. The disclosure for this sale can be found here.

Other large investors recently bought and sold shares of the company. KBC Group NV increased its stake in Alexandria Real Estate Equities by 0.7% in the fourth quarter. KBC Group NV now owns 17,835 shares of the real estate investment trust’s stock valued at $1,612,000 after buying an additional 130 shares during the period. State of Tennessee Treasury Department increased its stake in Alexandria Real Estate Equities by 52.8% in the fourth quarter. State of Tennessee Treasury Department now owns 57,900 shares of the real estate investment trust’s stock valued at $5,232,000 after buying an additional 20,000 shares during the period. Dimensional Fund Advisors LP increased its stake in Alexandria Real Estate Equities by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 911,653 shares of the real estate investment trust’s stock valued at $82,379,000 after buying an additional 11,268 shares during the period. Stephens Inc. AR increased its stake in Alexandria Real Estate Equities by 13.4% in the fourth quarter. Stephens Inc. AR now owns 33,704 shares of the real estate investment trust’s stock valued at $3,045,000 after buying an additional 3,986 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in Alexandria Real Estate Equities by 10.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 147,500 shares of the real estate investment trust’s stock valued at $13,328,000 after buying an additional 14,000 shares during the period.

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing office/laboratory and technology office space for lease to the science and technology industries. It is focused on collaborative science and technology campuses. It develops urban cluster campuses and ecosystems.

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